News: Petroleo Brasileiro Petrobras SA (PBR)

PBR on New York Consolidated

6.01USD
30 Jan 2015
Change (% chg)

$-0.39 (-6.09%)
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$6.40
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Fri, Jan 30 2015

UPDATE 1-Brazil's Bradesco says ready to weather corporate defaults

SAO PAULO, Jan 30 - Banco Bradesco SA is prepared to weather an expected wave of corporate defaults and debt restructurings in Brazil, executives said on Friday, expecting strict risk assessment and provision policies to protect the loan book of Brazil's No. 2 private sector lender.

Petrobras may delay dividends, cut investment amid cash crunch

RIO DE JANEIRO - Brazilian state-run oil company Petroleo Brasileiro SA said on Thursday it plans to sell assets, cut investments and probably delay dividend payments to face a credit crunch resulting from a massive corruption scandal.

UPDATE 2-Petrobras may delay dividends, cut investment amid cash crunch

RIO DE JANEIRO, Jan 29 - Brazilian state-run oil company Petroleo Brasileiro SA said on Thursday it plans to sell assets, cut investments and probably delay dividend payments to face a credit crunch resulting from a massive corruption scandal.

Brazil's Petrobras plans to raise $3 billion from 2015 asset sales

RIO DE JANEIRO, Jan 29 - Brazilian state-run oil company Petroleo Brasileiro SA plans to raise $3 billion from asset sales in 2015, according to a presentation of its unaudited third-quarter financial results on Thursday.

Brazilian court freezes assets of former Petrobras CEO Gabrielli

RIO DE JANEIRO - A Brazilian state court froze the assets of former Petrobras Chief Executive Officer Jose Sergio Gabrielli on Wednesday amid an investigation of graft and money-laundering in the government-run oil producer's contracts with construction companies.

UPDATE 1-Brazilian court freezes assets of former Petrobras CEO Gabrielli

RIO DE JANEIRO, Jan 29 - A Brazilian state court froze the assets of former Petrobras Chief Executive Officer Jose Sergio Gabrielli on Wednesday amid an investigation of graft and money-laundering in the government-run oil producer's contracts with construction companies.

UPDATE 1-Petrobras still faces default risk despite release, fund says

RIO DE JANEIRO, Jan 28 - Brazilian state-run oil company Petrobras still runs the risk of being declared in default on billions of dollars of debt even after releasing its delayed third-quarter earnings before a self-imposed deadline, a New York-based hedge fund said on Wednesday.

Petrobras still faces default risk despite release, fund says

RIO DE JANEIRO, Jan 23 - Brazilian state-run oil company Petrobras still runs the risk of being declared in default on billions of dollars of debt even after releasing its delayed third-quarter earnings before a self-imposed deadline, a New York-based hedge fund said on Wednesday.

Petrobras reports earnings without graft writedowns despite delays

RIO DE JANEIRO - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

UPDATE 5-Petrobras reports earnings without graft writedowns despite delays

RIO DE JANEIRO, Jan 28 - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.

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